NOT LISTED FOR SALE

1339 Fenwick Ave Indianapolis, IN 46219

East Warren Neighborhood

Estimated Value: $194,000 - $221,000

3 Beds
1 Bath
1,306 Sq Ft
$158/Sq Ft Est. Value

Last Sold August 01, 2019

Last sale price $2,568,000 $1,966 Per Sq Ft

Current estimated payment $1,440/month

31 Days on Market

About This Home

As of August 2019

LONG-TIME owner of 33 properties (38 units) looking to part with complete inventory. Owned 80 properties at one time. Slowly selling them off.... Sold 6 last year. Looking to part with all of them. 32 single family homes and a Six unit apartment complex. Seller offering complete package way below FMV but not allowing inspections but does have pictures or videos of most properties. This is a turn-key business with long-term contractors who have complete knowledge of each property. Tenants make rent deposits automatic to Seller bank account. Excellent Cash Flow, these are not distressed properties.

Last Agent to Sell the Property

Jeffrey McPike

Listed on: 01/28/2019

Last Buyer's Agent

Jeffrey McPike

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,620

Year Built

  • Built in 1962

Lot Details

  • 0.29 Acre Lot

Community Details

  • Trinity Estates Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for inshazard insurance taxes
  • Assessor Parcel Number 490831134001000700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,620

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: 5+Units Commercial
  • Architectural Style: Bungalow/Shotgun
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2017
  • Year Built: 1962
  • Lot Size Acres: 0.294
  • Subdivision Name: TRINITY ESTATES
  • Inspection Warranties: Other
  • Property Description: LONG-TIME owner of 33 properties (38 units) looking to part with complete inventory. Owned 80 properties at one time. Slowly selling them off.... Sold 6 last year. Looking to part with all of them. 32 single family homes and a Six unit apartment complex. Seller offering complete package way below FMV but not allowing inspections but does have pictures or videos of most properties. This is a turn-key business with long-term contractors who have complete knowledge of each property. Tenants make rent deposits automatic to Seller bank account. Excellent Cash Flow, these are not distressed properties.
  • Transaction Type: Sale
  • Conversion: 0
  • Special Features: None

Interior Features

  • Owner Pays: InsHazard,Insurance,Taxes
  • Sq Ft Main Upper: 0
  • Total Sq Ft: 0
  • Laundry: Other

Exterior Features

  • Construction Materials: Other
  • Disclosures: Not Applicable
  • List Price: 2600000

Garage/Parking

  • Unit Parking: 2 Car Garage

Utilities

  • Solid Waste: 1

Fee Information

  • Expenses: 10

Lot Info

  • Parcel Number: 490831134001000700
  • Acres: 1/4-1/2 Acre
  • Lot Information: Other
  • Lot Number: 1
  • Lot Size: 12,807

Green Features

  • Green Certification Y N: 0

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 38

Tax Info

  • Tax Annual Amount: 1620
  • Semi Annual Property Tax Amt: 810
  • Tax Exemption: None

MLS Schools

  • School District: Warren Township

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2019
Closed on
Aug 1, 2019
Sold by
Mcpike Jeffrey C and Mcpike Cassandra S
Bought by
Andian 2 Llc
Seller's Agent
Jeffrey McPike
Buyer's Agent
Jeffrey McPike
List Price
$2,600,000
Sold Price
$2,568,000
Premium/Discount to List
-$32,000
-1.23%
Current Estimated Value
$206,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,361,637
Avg. Annual Appreciation
-33.33%
Original Mortgage
$2,080,000
Outstanding Balance
$1,822,819
Interest Rate
3.73%
Mortgage Type
Commercial
Estimated Equity
-$1,616,456

Purchase Details

Closed on
Mar 17, 2009
Sold by
Fannie Mae
Bought by
Mcpike Jeffrey

Purchase Details

Closed on
Dec 22, 2008
Sold by
Sowers Barbara E
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Andian 2 Llc $105,000 Chicago Title
Mcpike Jeffrey S $105,000 Chicago Title Company Llc
Mcpike Jeffrey -- None Available
Federal National Mortgage Association $80,121 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andian 2 Llc $2,080,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2019 08/01/19 Sold $2,568,000 -1.2% $1,966 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
01/28/2019 01/28/19 For Sale $2,600,000 -- $1,991 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,134 $161,000 $22,200 $138,800
2023 $4,134 $175,100 $22,200 $152,900
2022 $3,449 $147,700 $22,200 $125,500
2021 $2,947 $129,000 $22,200 $106,800
2020 $2,706 $118,000 $22,200 $95,800
2019 $1,684 $71,800 $22,200 $49,600
2018 $1,626 $69,300 $22,200 $47,100
2017 $1,712 $81,000 $22,200 $58,800
2016 $1,616 $76,300 $22,200 $54,100
2014 $1,406 $70,300 $22,200 $48,100
2013 $2,076 $85,100 $22,200 $62,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jeffrey McPike

See All Agents

Map

Source: MIBOR Broker Listing Cooperative®

MLS Number: MBR21616384

MIBOR Broker Listing Cooperative®

APN: 49-08-31-134-001.000-700

Indiana Marion County Indianapolis 46219 East Warren

1339 Fenwick Ave, Indianapolis, IN

This home is located at 1339 Fenwick Ave, Indianapolis, IN 46219 since 28 January 2019 and is currently estimated at $206,363, approximately $158 per square foot. This property was built in 1962. 1339 Fenwick Ave is a home located in Marion County with nearby schools including Hawthorne Elementary School, Raymond Park Intermediate School (5-6), and Raymond Park Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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